Form 4: Charles Schwab Executes Stock Option, Transfers Shares to Trust
SEC Form 4 Filing
Charles Schwab, Co-Chairman of Charles Schwab Corp, exercised stock options and transferred the resulting shares to a living trust.
Summary
- On July 31, 2024, Charles R. Schwab exercised nonqualified stock options to acquire 67,386 shares of Charles Schwab Corp common stock at a price of $27.45 per share.
- The acquired shares were then immediately contributed to a living trust.
- Simultaneously, Mr. Schwab sold 67,386 shares at a weighted average price of $65.1114, with individual sales ranging from $64.91 to $65.26.
- Following these transactions, Mr. Schwab directly owns no shares and indirectly owns 60,619,371 shares through various entities including a trust, limited partnership, 188 Corp, and spousal trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a transaction. It doesn't inherently indicate positive or negative sentiment towards the company.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This transaction reflects Charles Schwab's personal financial management and does not necessarily indicate a change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of stock option exercise and share transfer to trust. |
| 08/01/2024 | Date the nonqualified stock option was exercisable. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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